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A Taste of the Glass-Steagall Lash for Lehman


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A Taste of the Glass-Steagall Lash for Lehman

Nomi Prins

Now that Lehman Brothers,formerly the fourth largest investment bank in the United States, isfirst largest in American bankruptcies, it's time to again ask: Whenwill Washington get it?It should never have been the Fed's responsibility, or thegovernment's, to back investment bank speculation. Instilling stabilityin the financial system should have been goal enough.